Overstock.com tops Q2 targets (Corrects)

BambiFrancisco

SAN FRANCISCO (CBS.MW) -- Overstock.com
OSTK, -4.40%
said it lost $2.3 million, or 13 cents per share, in its second quarter, wider than the $1.1 million it lost last year. Analysts expected Overstock to lose 14 cents per share. Overstock.com generated $87.8 million in sales, up from $28.8 million last year, and well ahead of analysts' expectations of $78 million. Shares traded at $34.30 in after-hours. They closed the regular session at $33.62. (Corrects year-ago loss figure.)

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